Formation of a Company Flashcards
1
Q
What are some post-incorporation steps to consider?
A
1) A chairperson?
2) Accounting reference date?
3) Auditor?
4) Tax registrations? (i.e., CIS, PAYE, VAT?)
5) Shareholder agreement?
2
Q
Can a company enter into a contract pre-incorporation?
A
No, only when it is incorporated does it have the capacity
3
Q
Who is liable for the contract if it is negotiated and agreed pre-incorporation?
A
The person acting as agent is personally liable
4
Q
When will a client control a shelf company once they buy it?
A
Once they are entered on the register of members
